A church has two full-time pastors and three full-time lay employees. It also has two part-time custodians. Which of these workers should be issued a W-2 form by the church?
Our lesson this week examines the topic of preparing W-2s. The Executive Summary provides a concise review of the key points. Before we get started, test your knowledge by completing the following quiz.
Instructions Click on the correct answer for each of the following questions.
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Church treasurers must issue a Form W-2 to every employee each year, reporting compensation paid and taxes withheld. In this week's lesson, we will review this important reporting requirement.
Employers (including churches) must issue a Form W-2 for wages paid to each employee from whom income, Social Security, or Medicare taxes were withheld, or from whom income ...